An Oil Exchange
Pittsburgh Post, January 31, 1863

A call for a meeting of those interested in the formation of an Oil Exchange is published elsewhere. The time fixed is Monday next at ten o’clock, when producers and retailers in oil should make it a point to be present.
The fluctuations in the market during the past year have been ruinous to the trade here. It is with this view of organizing the business and securing some sort of uniformity in price that the present movement is made. A well conducted exchange, where refiners, dealers and producers can meet and exchange views.
Hear reports of stock and arrivals both here and in the East, of shipments to Europe and California, and of prices at Titusville and Oil City. Learning the true condition of demand and supply elsewhere will [tend to] regulate the business and render it less precarious than heretofore.
The oil interests of this vicinity are very large. The extent of transactions is such as to warrant commodious and well-appointed rooms. We hope to see a live “Oil Exchange” at an early day.
Genealogy of the Pittsburgh Stock Exchange (1864–1974)
Oil Trade | Curb Markets | 1864 |
Train Exchanges | 1864 | |
Led to | Pittsburgh Brokers Association | 1867 |
Replaced by | Pittsburgh Oil Exchange | 1878–1884 |
Merchants Oil Exchange | ||
The Pittsburgh Petroleum Exchange | 1882 | |
Stock Trade | Auctioneers1 (John and Peter Davis, Alex McIlwaine, John D. Bailey | |
Bankers and Brokers Board | 1864 | |
Consolidated | Pittsburgh Petroleum, Stock and Metal Exchange | 1886–1893 |
Led to | Pittsburgh Stock and Oil Exchange | 1894 |
Which became | Pittsburgh Stock Exchange | 1896–1974 |
- John and Peter Davis, Alex McIlwaine, John D. Bailey ↩︎